Saudi Arabia Packaging Substation Market to Keep On Growing through 2022, Expects 6Wresearch in Its Report Available at MarketPublishers.com24 Feb 2017 • by Natalie Aster
LONDON – Escalating energy demand, expanding power transmission and distribution network, continued shift towards power generation from renewable source of energy and rising infrastructure development activities are predicted to boost the demand for package substation industry in Saudi Arabia.
The Saudi Arabian package substation market is poised to keep on growing in the years to come. By 2022, the value of the country’s market is expected to climb to USD 842.9 million.
Interconnections between regions during the recent years owing to infrastructure projects and increased industrial activities together with grid strengthening fuel the demand for package substations in Saudi Arabia.
Presently, the power utility sector captures the biggest chunk of the total market revenues, it is predicted to raise with renewable energy deepening foothold in country encouraged by the governmental plan to achieve 9.5 GW of energy through renewables.
The topical report “Saudi Arabia Package Substation Market (2016-2022): Market Forecast by Types, Verticals, Regions and Competitive Landscape.” prepared by 6Wresearch offers a detailed guide to the domestic packaging substation market landscape, discloses trustworthy statistics, covers the market dynamics as well as highlights prevailing market development trends. It covers regulative initiatives, presents insights into historical background, describes the current market state and also makes future projections for the country’s market for packaging substation. The study examines the market segmentation on the basis of verticals, types and geography. It identifies the emerging opportunities and challenges, points out lucrative growth areas as well as scrutinizes the main forces influencing the market growth. Moreover, future forecasts through 2022 are at hand.
For other reports elaborated by this publisher are offered at the 6Wresearch page at MarketPublishers.com.